Santiago falls as American forces take city and honor the surrender
Reporting from Santiago de Cuba on July 15 the American occupation celebrates with flags raised over the palace and salutes as Gen Shafter meets Gen Toral. The surrender details include Spanish troops laying down arms, regimental bands playing The Star Spangled Banner, and McKinley telegram read to regiments. Final casualty figures total 1014 with 246 killed and 1684 wounded including 98 officers. The dispatch notes plans to return arms and inventories and allow some Spanish guerrillas to remain.
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Trade Outlook and Domestic Product Trade Figures
Dun's weekly review notes a booming domestic product value abroad at 1.21 trillion dollars annually while imports total 960 billion. The new loan surpasses 1.9 billion, with banks awaiting personal subscriptions for circulation. Failures for the week end July 7 reach 1.824 million, manufacturing and trading sectors split. Bradstreet’s sees midsummer price steadiness and a hopeful fall trade outlook amid restrained activity and positive first-half indicators.
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R. G. Dun
Weekly Review of Trade
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The Stars and Stripes Hoisted in Madrid Scene
Ten thousand Americans witnessed the hoisting of the flag as Gen McNibbon assumed temporary military governorship. The ceremony outside La Reina palace and the nearby cathedral area drew a grand crowd and stirring music as troops presented arms and the crowd cheered. Madrid sanctioned the capitulation terms after negotiations between generals. Messages of thanks from President McKinley and Secretary Alger followed, praising Shafter and his troops for the Santiago surrender and urging protection for the wounded. The report notes broader U.S. war-related diplomacy and trade signals amid shifting market prospects.
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War Bond Subscriptions Totals and Navy Incident
Corrected figures show total subscriptions to the war bond issue at about 1.305 billion dollars including syndicate bids with allocations for small and mid sized amounts. The United States cruiser New Orleans destroyed the Spanish gunboat Antonio Lopez near San Juan de Puerto Rico after pursuit while attempting to enter with provisions and war materials. Emile Zola renews attack on the Dreyfus case with an open letter to Premier Brisson in the Aurore.
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The Sender Must Pay Telegraph Tax Stamp Rule
Washington on July 15 reports the commissioner of internal revenue has ruled all telegraphic messages must bear stamps paid by the senders.
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Stamp Tax Applies to Receipts Used as Checks
The Internal Revenue Service rules that receipts used to draw money from banks are subject to stamp tax. Some banks try to avoid this by accepting receipts for cash deemed exempt, but the commissioner rules receipts function as checks and must be stamped. Six Lives Lost in Buffalo boiler explosion at Niagara starch works. six killed, 26 injured, two missing. George Alfred Pillsbury, banker and prominent Northwest figure, dies at 82 leaving vast fortune and historic bequests. Col George Stone elected national president of the League of Republican Clubs. Gen John Williams, ex-senator and war hero, dies at his Mount Sterling home at seven a.m.
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General Shafter Predicts High Casualty Toll at Santiago
General Shafter reports the capture of Santiago without heavy loss, noting 3,000 lives saved by storm versus the expected cost, reporting little sickness and no yellow fever, and detailing the surrender of batteries and arms. He details naval movements toward Puerto Rico, and plans for future operations with Miles, Stone, and Michler.
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Veteran Doctor Recalls War service and recovery
A veteran surgeon, Dr L J Clark, recalls early Civil War service with the navy and army, enduring wounds and hospital stays. After study in veterinary surgery and years in Chicago, he credits Dr Williams Pink Pills for Pale People with restoring strength from 90 to 160 pounds and renewed health. The piece ends by noting veterans often rely on the pills and their availability from druggists.
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